Didi Chuxing says to invest and partner with Uber’s European rival Taxify

Qilai Shen | Bloomberg | Getty Images

The payment confirmation page is displayed on the Didi Chuxing application in this arranged photograph taken in Shanghai, China, on Sunday, May 22, 2016.

Chinese ride-sharing company Didi Chuxing is to invest in and collaborate with Uber rival Taxify to grow its network across Europe, Africa and Asia.

This story is developing. Please check back for further updates.

Click here
for the latest on the markets.